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about that. >> the only way forward is not meaningless theater at the united nations. the only way forward is to have meaningful peace talks, to engage for israelis and palestinians to try to solve the problems together. and that's what we're proposing. direct face to face peace talks. >> against this backdrop, the next opec meeting i believe december 12th is approaching. how do you expect the nations involved to respond? >> so far i guess with wti prices under $100, saudi arabia has achieve wlad it has publicly announced it wanted as in a price under $100. so right now i think there's very little scope for change in either production or actual quotas for the cartel. relative to developments around gaza, of course they're adding an additional layer to geopolitical tensions. but then again, if you consider the region, it is not a region that produces oil or is strategic in terms of an oil transit point. it could add to existing tensions. >> you brought up the u.s. fiscal cliff. what's the most important marginal factor at this point, is it u.s. demand, the situation in china? i real
? >> absolutely. polls show that republicans would overwhelmingly be blamed if the united states goes over the proverbial fiscal cliff. and that's why president obama has an advantage, because he's willing -- he says, this is what he and his advisers say, he's willing to send the nation off of the fiscal cliff, letting all income tax rates to jump, spending cuts to take hold, investment income rates to jump. he's willing to do that. he thinks republicans would get the political blame. republicans, on the other hand, note that listen, the president's going to have to have another term where he's dealing with what's likely to be a deep recession as a result of these huge income tax jumps. so it's a position that neither man really wants to be in, but talks have completely dried up. yesterday speaker john boehner and president obama did not speak and their staffs did not speak. so really this thing is at a standstill like we've never seen before. >> yeah. so the fact that we're not even talking now. the aides aren't even talking the each other. where does that leave us? how comfortable is eve
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